On March 30, the first batch of domestic blockchain information filing numbers released by the Cyberspace Administration of China. BATJ's blockchain has undoubtedly attracted the most attention. Among at least three filing platforms including Baidu, Tencent, and JD.com, Ali's ant blockchain appears to be alone.
But in fact, in addition to Ant, another "Ali-based" company also quietly appeared in the filing information.
Zhejiang Jingteng Network Technology Co., Ltd., which filed for the "Fantai Blockchain Union (FTCU)", was formally established in February 2018. Its founder and largest shareholder, Hang Seng Electronics, is inextricably linked with Jack Ma and Ant Financial connect.
Founded in 1995, Hundsun Electronics is already an established provider of financial software and network services. It was listed on the main board of the Shanghai Stock Exchange in 2003 (code 600570). After being indirectly controlled by Ma Yun in 2014, he became Ali's "godson". After the establishment of Ant Financial, it became its grandson company. In terms of finance, it complements Ant Financial's business, and also in the layout of the blockchain, it also follows the pace of Ant Financial, and even tests the water more.
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Ali
From being married to Ali to receiving a sky-high fine from the China Securities Regulatory Commission, Hang Seng Electronics has had ups and downs along the way.
It all started in 2014. In 2014, before Ant Financial was established (October), Jack Ma indirectly held a 20.62% stake in Hang Seng Electronics through Zhejiang Rongxin Network Technology Company (hereinafter referred to as Zhejiang Rongxin), becoming its actual Controller.
In the second year after the establishment of Ant Financial, that is, in June 2015, Ant Financial subscribed for 100% of the equity of Zhejiang Rongxin and indirectly held 20.62% of the equity of Hang Seng Electronics.
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Source: Unicorn Finance
But no matter how the equity changes, according to Tianyancha data, the actual controller and ultimate controller of Hang Seng Electronics are both Jack Ma.
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suffered a stock market crash
At that time, Hang Seng Network, a subsidiary of Hang Seng Electronics, released an information system called "HOMS" with an "umbrella warehouse function" because of its convenient fund allocation and risk control functions, which was once popular in OTC stock allocation.
However, on July 24, 2015, the China Securities Regulatory Commission imposed a fine of 329 million yuan on the technology provider, Hang Seng Network, because it believed that using HOMS to allocate funds had violations and hidden risks. shock.
At present, the subsidiary Hang Seng Network is already insolvent and has not yet paid most of the fines. In July 2018, Hang Seng Network has been included in the list of dishonest persons subject to enforcement by the People's Court of Xicheng District, Beijing.
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"Non-stop" layout blockchain
In fact, OdailyOdaily reporters found that since 2016, Hang Seng Electronics has started to test the waters of finance + blockchain.
At present, in addition to the "FTCU Fantai Chain", which is an investment subsidiary and filed this time, there is also a financial alliance chain HSL directly operated by it.
In addition, since the establishment of the Hang Seng Research Institute "Blockchain Expert Studio" in 2016, Hang Seng has successively launched and participated in blockchain alliances, undertaken financial blockchain projects, released blockchain products, and invested in blockchain start-ups. , has captured many cities in the field of blockchain + finance.
In October 2018, at the BCCon Global Blockchain Ecological Technology Conference, Zhang Leyan, Chief Architect of Hang Seng Electronics, summarized the blockchain layout of Hang Seng Electronics since 2016.
Footprints show that on June 1, 2016, as one of the 25 founding members, Hundsun Electronics participated in the launch of the "Financial Blockchain Alliance" in Shenzhen, aiming to build a digital bill system based on the alliance chain; in addition, joining the blockchain open source Project Hyperledger.
Back then, Hundsun Electronics made a small trial of blockchain applications. The company released the Ethereum light wallet H5 application, and also began preparations for the financial alliance chain FTCUnion for the first time.
The timeline was shifted to 2017, when Hang Seng Electronics released the Niu Dun APP, an enterprise welfare account book based on Ethereum; according to the official introduction, the background of the APP is realized by using Ethereum smart contracts, and the front-end APP is developed on the light framework of Hang Seng Company.
This year was the year when many banks launched POC verification projects based on blockchain technology in the banking industry. Hang Seng Electronics also cooperated with the Hong Kong Stock Exchange to complete a project on the management and transfer of unlisted equity. POC.
In January of this year, after Ma Yun took charge of the chairman of the Hainan Provincial Government Entrepreneurs First Advisory Conference, Hundsun Electronics also kept pace with its deployment of blockchain in Hainan.
According to news from Hainan Daily on February 22, 2019, Hang Seng Electronics will build a comprehensive service platform for intellectual property rights, an electronic registration and matching bidding transaction system for the Hainan Provincial Intellectual Property Office; introduce blockchain technology for the storage of intellectual property rights certification and transfer.
In addition to the domestic market, Hang Seng Electronics also intends to cover overseas securities markets. In the same year, Hang Seng Electronics invested in Symbiont, an enterprise-level blockchain solution service provider. Based on the self-developed alliance chain, the company intends to develop a faster and safer system for asset transfer between buyers and sellers based on blockchain ledger technology and smart contract platform for the private equity market and corporate bond market, reducing transaction settlement time, and Enable a more efficient and simplified marketplace.
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Consortium chain
But more importantly this year, Hang Seng Electronics released two alliance chains: Hang Seng shared ledger HSL 1.0 and FTCU contract chain PC version products.
Among them, FTCU is the Fantai Chain filed this time. Its full name is FinTech Block Chain Union, which is the financial technology blockchain alliance, which supports contract chains, private equity and other business scenarios. It is currently in the customer testing stage. According to Securities Daily in June 2018, FTCU has realized basic applications such as electronic contract signing and e-mail certificate storage, and has developed application scenarios such as auxiliary supply chain financing and non-performing assets based on the characteristics of blockchain technology that cannot be tampered with.
At present, FTCU has been transferred to Zhejiang Jingteng Network Technology, a subsidiary of Hang Seng Electronics. According to the company's public information, it mainly provides financial public basic services such as market quotations, aggregate payment, simulation, and KYC. At the same time, it builds an intelligent transaction network and an open financial technology platform to provide AI basic services and alliance chain operations. In January of this year, Jingteng Network carried out a capital increase and share expansion, with an overall capital increase of 100 million yuan. It is expected that it will focus on the operation of the alliance chain.
Another financial alliance chain, HSL, is directly operated and managed by Hang Seng Electronics. HSL is a decentralized PaaS platform that builds a blockchain system for compliant financial institutions. It is based on hyperledger fabric and adopts a layered multi-chain architecture. , Banks, brokerages, traditional financial exchanges and other industry institutional customers provide a blockchain development and testing environment. At present, it mainly expands application scenarios in business fields such as trade finance and supply chain. In June 2018, Hundsun Electronics and Tianjin Financial Assets Exchange released a smart revenue-sharing contract product based on blockchain. This product uses HSL to connect upstream and downstream enterprises and can share profits for investors; The blockchain platform for China's trade finance cross-bank transactions led by the industry association was officially launched. HSL supports the letter of credit and forfaiting business that have been launched on the platform, and will connect to new trade finance businesses in the future.
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Challenges and opportunities coexist
On the whole, Hundsun Electronics and its subsidiaries are both financial and alliance chains in terms of blockchain layout. This is inseparable from its company positioning and main business.
In addition, finance, as one of the best application scenarios of the alliance chain recognized in the industry, has great prospects. According to IDC data, in the global blockchain market share in 2018, the financial industry accounted for the largest share, 60.5%. With the prominent advantages of blockchain + finance, the three major Internet giants of BAT have the largest share in blockchain finance. The layout is also becoming clearer.
For the financial industry, on the one hand, the cryptography in the blockchain can ensure that the transaction process cannot be tampered with and forged; the smart contract can neutrally and objectively execute the preset logic, and cooperate with the roles and responsibilities; the information on the chain can be complete and authoritative. , Transparently record the transaction process, and the transaction ledger is shared by multiple parties. On the other hand, the alliance chain in the blockchain ensures that sensitive data in financial transactions can be isolated and shared, thereby ensuring the security of transactions and storage.
Taking the electronic contract applied by Hang Seng Electronics as an example, although the electronic contract has the same legal effect as the traditional paper contract, there are still many problems such as third-party security and trust, electronic signature visualization, security and anti-counterfeiting, ease of use and cost. question. In this regard, Hang Seng Electronic Contract combines electronic signature with blockchain encryption, and the electronic signature also stamps the electronic seal on the electronic contract to provide good visibility. Once stamped, a PDF file with a standard digital signature is generated, which can be opened and verified by any reader that follows the PDF standard, and has the characteristics of security and cross-platform.
But what about the answer sheet? According to an Odaily reporter's review on the APP Store, the main interface of the APP includes digital currency wallets and Niudun exchange scenarios (mall, course training, book borrowing, etc.) and found that there are only 3 comments on this APP, and it has only been updated twice since its release. .
In addition, the Hang Seng HSL Financial Chain block browser shows that the HSL test network currently only has 1 online node, which has produced 25 blocks and a total of 25 transactions on the chain. The Niu Dun Chain browser shows that 27,643 blocks have been produced so far, but the latest block production time is still two days ago, and the block production interval was once as long as 5 days.
At present, Hang Seng Electronics is still not fast in the progress of the alliance chain, and the blockchain project it cooperates with may not have much response because of its low-key style. Hang Seng Electronics is facing not only technical challenges, but also the siege of Internet giants and emerging blockchain startups. Whether this filing indicates that Hang Seng Electronics will speed up the pace of blockchain deployment, we will wait and see.
